Amended and updated notes on section 115JE of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to application of other provisions of this Act.
Chapter XIIBA (Sections 115JC to 115JF) of the Income Tax Act 1961 deals with the provisions related to special provisions relating to certain limited liability partnerships. Section 115JE of IT Act 1961-2023 provides for application of other provisions of this Act.
Recently, we have discussed in detail section 115JD (Tax credit for alternate minimum tax) of IT Act 1961. Today, we learn the provisions of section 115JE of Income-tax Act 1961. The amended provision of section 115JE is effective for financial year 2022-23 relevant to the assessment year 2023-24.
In this article, you will learn detail of the provisions of section 115JE of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962, regulations, notifications, circulars, orders and Press Release by CBDT, Income Tax Department and the Ministry of Law and Justice, Government of India.
Section-115JE: Application of other provisions of this Act
Save as otherwise provided in this Chapter, all other provisions of this Act shall apply to a person referred to in this Chapter.